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Orbital ATK (OA) Soars: Stock Adds 20.2% in Session
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Orbital ATK, Inc. was a big mover last session, as the company saw its shares rise more than 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $105.5 to $111.58 in the past one month time frame.
The move came after Northrop Grumman Corporation, a leading global security company, announced that it has settled the acquisition deal with Orbital ATK for $9.2 billion. The shareholders of Orbital ATK will be given all-cash consideration of $134.50 per share, reflecting a premium of nearly 22.2% from Orbital’s Friday closing price of $110.04.
The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Orbital ATK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Is OA going up? Or down? Predict to see what others think:Up or Down
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
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Orbital ATK (OA) Soars: Stock Adds 20.2% in Session
Orbital ATK, Inc. was a big mover last session, as the company saw its shares rise more than 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $105.5 to $111.58 in the past one month time frame.
The move came after Northrop Grumman Corporation, a leading global security company, announced that it has settled the acquisition deal with Orbital ATK for $9.2 billion. The shareholders of Orbital ATK will be given all-cash consideration of $134.50 per share, reflecting a premium of nearly 22.2% from Orbital’s Friday closing price of $110.04.
The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Orbital ATK currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Orbital ATK, Inc. Price
Orbital ATK, Inc. Price | Orbital ATK, Inc. Quote
Investors interested in the Aerospace - Defense Equipment industry may consider Teledyne Technologies Incorporated (TDY - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is OA going up? Or down? Predict to see what others think:Up or Down
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>